Sustained ETF Buying Pushes BTC Price Higher: Is $120K Resistance Within Reach?

Bitcoin (BTC) rose 0.60% to $109,055 over the past 24 hours, outpacing the broader crypto market, which slipped 0.01%. The move higher reflects a confluence of bullish ETF inflows and whale accumulation, which together are offsetting persistent macro ￰0￱ defended the $100K psychological support level, Bitcoin now eyes higher ground, with technical indicators hinting at potential continuation toward the $120K–$136K ￰1￱ ETF Inflows (Bullish Impact) ￰2￱ Bitcoin ETFs continue to attract substantial demand, underlining strong institutional conviction even as traditional markets contend with macro ￰3￱ mid-August, spot ETFs saw $231 million in net inflows, with BlackRock’s IBIT ETF accounting for $524 million alone, according to ￰4￱ ETF inflows not only absorb selling pressure from short-term traders but also reinforce Bitcoin’s emerging role as a mainstream macro ￰5￱ data reflects growing adoption among asset managers who view BTC as a portfolio hedge and a growth ￰6￱ ETF flow data will serve as a barometer of whether this trend remains intact, especially with looming political ￰7￱ tariffs under Trump’s policy platform and Federal Reserve rate path uncertainty could slow institutional risk appetite if markets turn more ￰8￱ Support Hold (Mixed Impact) From a technical perspective, Bitcoin’s bounce from the $100K psychological level was ￰9￱ Optimized Trend Tracker (OTT) indicator flashed its first bullish signal since mid-2024, a pattern that has historically preceded rallies of 80% or more.

However, near-term caution is ￰10￱ the OTT suggests upside potential toward $136K, Bitcoin faces stiff resistance at $113K, which must be cleared to confirm the ￰11￱ RSI (37.82) remains neutral, implying that momentum is not overheated, but also not yet in strongly bullish territory. $120K in Sight, but Macro Risks Remain Bitcoin’s recent gains reflect a tug-of-war between bullish structural flows and bearish macro ￰12￱ one side, ETF demand and whale accumulation are soaking up supply and signaling long-term ￰13￱ the other, tariff uncertainty and Federal Reserve policy shifts pose risks that could test risk appetite in the weeks ￰14￱ defense of $100K support, coupled with low funding rates (+0.0049%), leaves scope for further ￰15￱ ETF inflows remain steady and BTC can reclaim the $113K resistance level, a run toward the $120K zone comes into play — with the OTT indicator suggesting even higher targets are ￰16￱ PR: Clarity and Market Fit in a Volatile Environment Just as Bitcoin’s path depends on balancing structural demand with macro risks, crypto projects themselves face the challenge of navigating volatility with clarity.

That’s where Outset PR , founded by renowned crypto PR strategist Mike Ermolaev, sets itself ￰17￱ agency operates like a hands-on workshop, weaving each client’s story into the market context rather than relying on cookie-cutter ￰18￱ PR’s approach is powered by data-driven ￰19￱ outlets are selected based on discoverability, domain authority, conversion rates, and viral potential; pitches are tailored to fit each platform’s voice; and timing is mapped to build trust ￰20￱ fusion of analytics with boutique strategy allows projects to achieve measurable impact even in uncertain ￰21￱ results illustrate its effectiveness: Step App boosted engagement in the US and UK, coinciding with a 138% surge in FITFI token ￰22￱ saw its CHO token rally 28.5x during a campaign that emphasized its ￰23￱ expanded its customer base by 40% with multi-layered PR ￰24￱ gained 26 tier-1 media features with a total estimated reach of 3.62 billion ￰25￱ blockchain, crypto, or AI companies, Outset PR offers PR with verifiable impact — campaigns that feel handcrafted but are backed by performance analytics and proprietary traffic acquisition ￰26￱ the same way ETF inflows sustain Bitcoin’s price floor, Outset PR ensures its clients’ narratives sustain visibility and credibility, no matter how volatile the market ￰27￱ can find more information about Outset PR here: Website: ￰28￱ Telegram: ￰29￱ X: ￰30￱ Disclaimer: This article is provided for informational purposes ￰31￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.